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(75 ILCS 16/40-15)
Sec. 40-15.
Voter approval of bonds.
(a) Bonds shall not be
issued, nor the special tax imposed, until
the proposition to issue the bonds has been submitted to and approved
by a majority of the voters of the district voting upon the proposition
at a regular election
provided that notice of the bond referendum, if
held before July 1, 1999,
has been given in accordance with the provisions of Section
12-5
of the Election Code in effect at the time of the bond referendum, at least
10 and not more than 45 days before the date of
the election, notwithstanding the time for publication otherwise imposed by
Section 12-5.
Notices required in connection with the submission of public questions
on or after July 1, 1999 shall be as set forth in Section 12-5 of the Election
Code.
The board shall by ordinance
designate the election at which the proposition
is to be submitted and the amount of the bonds and their purpose.
The board shall certify the proposition to the proper election
authority,
who shall submit the proposition in accordance with the Election Code,
subject to the notice provisions set forth in this Section.
(b) The proposition to issue bonds shall be in substantially the following
form:
Shall the bonds of (name of public library district), |
| (location), Illinois, in the amount of $(amount) be issued for the purpose of (state one or more purposes authorized in Section 40-5)?
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(c) When so authorized, the bonds shall be issued in the name of the
district, signed by the president and secretary, and countersigned by the
treasurer, with the seal of the district affixed.
(Source: P.A. 90-812, eff. 1-26-99; 91-57, eff. 6-30-99.)
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